Circa GHS 1.1bn generated as revenue from E-Levy in 2023 – Dep. Finance Chief Kumah
A total amount of GHS 1.19 billion was generated as revenue from the electronic levy (E-Levy) on electronic transactions last year – 2023.
This is according to the Deputy Finance Chief, John Kumah.
According to the Dep. Finance Chief, the government from the GHS 1.19bn revenue generated, allocated funds to its YouStart Programme, the Ghana Enterprise Agency, and the National Entrepreneurship and Innovation Programme to combat unemployment in the country.
“The Ghana Statistical Service on Wednesday announced that about 1.5 million Ghanaian youth are unemployed. Last year, E-levy generated GH¢1.19 billion and as part of dealing with the job situation… unemployment situation, the government has committed funds through YouStart from this E-levy sources…to GEA and NEIP to address the unemployment situation in the country, and I am happy to announce that institutions like Wealth and Jobs Expo and all private groups that are willing to help create jobs in the private sector will also be supported to help create jobs and businesses in the private sector,” he quipped.
He made the assertion during the media launch of the Wealth and Jobs Expo Ghana.
Mr Kumah’s assertion was in response to the latest figures from the Ghana Statistical Service, which indicated that over a million Ghanaian youth were unemployed as at the end of 2023.
“We are not saying 1.5 million [unemployed youth], every one of them should create jobs. No. Even if we get it, we get 10% of them, it’s 150,000 who will become entrepreneurs. If they do an average of let’s say 100 jobs, so that’s 150,000 x 100, you have almost solved the unemployment problem,” he quipped.
